Introduction

The MSCI Philippines Net Total Return Index is designed to measure the performance of the large and mid cap segments of the Philippines market.  As at 30 June 2020, the index comprises 21 constituents and covers about 85% of the free float-adjusted market capitalization of the Philippines equity market. The Index is calculated in a net total return form (i.e. reinvestment of net dividend payout into the index portfolio).

Uses of MSCI Philippines Net Total Return (USD) Index Futures

The introduction of the MSCI Philippines Net Total Return (USD) Index Futures contract aims to meet the trading and hedging needs of investors who have exposure to large and mid-cap companies in Philippines in a cost effective manner.  Asset managers and banks can make use of MSCI Philippines Net Total Return (USD) Index Futures for cash equitisation and manage market, settlement and liquidity risks without cross zone trading issue. 

The constituent list and vendor codes can be found in MSCI websites https://www.msci.com/constituents and https://www.msci.com/ticker-codes respectively.